Daniella Turenshine - 07 Aug 2023 Form 4 Insider Report for FIGS, Inc. (FIGS)

Signature
/s/ Danielle Warner as Attorney-in-Fact for Daniella Turenshine
Issuer symbol
FIGS
Transactions as of
07 Aug 2023
Net transactions value
-$29,617
Form type
4
Filing time
09 Aug 2023, 16:49:20 UTC
Previous filing
06 Jul 2023
Next filing
07 Sep 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FIGS Class A Common Stock Sale $29,617 -4,201 -0.96% $7.05 431,799 07 Aug 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The reported sale occurred pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on 3/16/2023.
F2 All but 81,705 of these securities are Restricted Stock Units, each representing a contingent right to receive one share of the Issuer's Class A Common Stock. In addition to the securities reported in this column, the Reporting Person beneficially owns 563,755 shares of the Issuer's Class A Common Stock underlying vested options.